More than 15,750 people who delivered packages for Amazon.com Inc’s Flex service filed arbitration claims on June 11, arguing the company wrongly denied them wages and other compensation, lawyers for the drivers said.
KUALA LUMPUR: The Employees Provident Fund is making strides in addressing challenges of old-age income security, in particular for the four million informal workers that face greater risks because of the lack of mandatory contributions towards retirement programmes.
“In May 2024, we launched the restructuring of the EPF account for members under the age of 55 with the introduction of Akaun Fleksibel,” he said during the launch of the EPF International Social Wellbeing Conference 2024, themed “Ageing and Longevity: Towards a Meaningful Retirement” here yesterday.
“In Germany, Finland and South Korea, they are continuously enhanced to meet the evolving needs of citizens,” he said. “A decade ago, living to 100 seemed rare, but now, in some developed countries, one in three babies born today will reach 100. Meanwhile, Prime Minister Datuk Seri Anwar Ibrahim who officiated the ISWC 2024 said there was an urgent need to prioritise investments in sectors like pharmaceuticals, healthcare and ageing infrastructure.
EPF Retirementplanning Informalworkers Socialsecurity Malaysiamadani Akaunfleksibel Ageingpopulation
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